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MAPFRE Insurance restructures, ceases operation in five states

Webster’s MAPFRE Insurance announced Friday its plans to realign its business strategy and cease operation in five states in order to grow its core operations.The insurance company said it will cease operations in New York, New Jersey, Kentucky, Tennesee and Indiana.In New York, the company is pursuing a sale of its New York subsidiary of the same name via an investment bank. As for the other four states, ...